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Income Taxes (Tables)

3 Months Ended

Mar. 28, 2026

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes in the accompanying statements of income differs from the provision calculated by applying the statutory federal income tax rate to income before provision for income taxes due to the following:

						Three months ended
(Dollars in millions)						March 28, 2026												March 29, 2025
U.S. federal statutory tax rate						$	364					21.0		%				$	340					21.0		%
State and local income taxes, net of federal income tax effect						21						1.2		%				14						0.8		%
Foreign tax effects						(150)						(8.7)		%				(43)						(2.6)		%
Effect of changes in tax laws or rates enacted in the current period						—						0.0		%				2						0.1		%
Effect of cross-border tax laws						59						3.4		%				19						1.2		%
Tax credits						(46)						(2.6)		%				(45)						(2.8)		%
Changes in valuation allowances						—						0.0		%				(28)						(1.7)		%
Nontaxable or nondeductible items						—						0.0		%				(8)						(0.5)		%
Changes in unrecognized tax benefits						1						0.0		%				(28)						(1.7)		%
Other adjustments						(179)						(10.3)		%				(128)						(7.9)		%
Effective tax rate						$	70					4.0		%				$	95					5.8		%

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:

(In millions)						2026
Balance at beginning of year						$	419
Additions for tax positions of current year						1
Balance at end of period						$	420

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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-Topic 740
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Tabular disclosure of the change in unrecognized tax benefits.

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